Chile and New Zealand: Competitive residency by investment programs an ocean apart
Did you know that there are opportunities for residency on either side of the Pacific Ocean?
In this video we will explain two different options which could tempt you to relocate this year, all you will have to do is decide which side of the massive ocean you prefer.
Although they find themselves 6,000 miles apart, Chile and New Zealand have something in common, their residency by investment programs.
The Pacific Region is popular with these programs, and the two options we’ve got today are evidence for this, so if you’re considering a move overseas this year, this video should give you a good idea of what you can find in this exciting part of the world.
Chile is known for being one of the main exporters of copper and salmon in the world.
Bordering on Argentina, Peru and Bolivia, and with access to the Pacific Ocean, it shows that it has facilities for the commercialization of products and is a nation enriched by it.
Chile offers different pathways for foreigners to obtain residency:
1) Have less than two consecutive years of Visa Subject to Contract.
2) Have at least two years of Student Visa as long as they have completed secondary or professional studies.
3) Have at least one year of Temporary Visa. In such cases, it is necessary to submit the request during the last 90 days of its validity, prove the ongoing activity being carried out in the country, allowing your visa to be maintained, and not have been out of the country for more than 180 days.
4) If you are a Spouse, Son/Daughter, Father or Mother or you are in a Civil Union with a Chilean citizen.
5) If you are a Spouse, Son/Daughter, Father or Mother of a foreigner with permanent residence in Chile.
The documents necessary to present, according to the different types subject to obtain Permanent Residence, varies. The more complete the application is, the faster it will be processed.
In principle, the Criminal Record of the country of origin and Chile is mandatory. They must be valid for no more than 90 days from the date of issue. All documents issued abroad must be apostilled or legalized by the Chilean consulate of the country of origin and by the Ministry of Foreign Affairs in Chile.
In addition, any document that is in a language other than Spanish or English must be translated in Chile. A copy of the Identity Card, photograph of the applicant and everything related to the Visas acquired in the Country will also be requested.
Once we present the documentation and it is verified correctly, the certificate of the Permanent Residence is granted to then obtain the Identity Card for foreign citizens.
New Zealand offers access to a market of more than 44-million people. Benefiting from its open and flexible economy, and its international trade which is why it should be taken into account when looking to obtain a new residence by investment
The nation is very well connected considering its relative isolation, closest to Australia over 1,500km away, and the capital city Wellington is found on the North Island, immediately highlighting itself as a hub for those of you looking to relocate to New Zealand’s urban centres.
There are 2 options for residency in the nation, however, for retirees, only the first is applicable. It works as follows:
Investor 1 resident visa
· An applicant must invest NZD 10 million in New Zealand over three years to apply for New Zealand residence under this program.
· There is no maximum age limit, no language requirement, and no business experience requirement.
Investor 2 resident visa
· This visa is applicable to experienced businesspeople aged 65 years or younger, who have a minimum of NZD 3 million in available funds or assets. A points-based system is used to assess eligibility.
· Applicants must invest at least NZD 3 million in an acceptable investment in New Zealand, to be held for four years.
· Applicants are required to have an English-speaking background or an International English Language Testing System test report with an overall band score of three or more, or they should be competent users of English
The Investor 1 and Investor 2 resident visa programs allow applicants to live, work, and study in New Zealand.
Applicants can include their spouse and dependent children aged 24 years and younger in their applications.
So, which program is best suited to me?
In short, Chile offers the possibility of being outside the country for a maximum of one year in order not to lose residency, in addition to the fact that in comparison with other similar residences, it offers the benefits of being able to carry out any paid activity in Chilean territory and being able to leave and enter it without restrictions.
On the other hand, New Zealand has a number of other benefits which make it stand out as a relocation option, including a world-leading industries and facilities pave the way for a quality of life which is very attractive to retiring investors looking to escape to a more relaxed life with the peace of mind they can retire comfortably.
So, if you are interested in finding out more about the pathway to residency through investment in either Chile or New Zealand, as well as other opportunities to develop your business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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